Three-Unit Multifamily
For Sale
$575,000
Pending
30 Cumberland Street, Cumberland, RI 02864
Residential Income, Cumberland, RI
Property Size3,189 SF
Lot Size0.12 Acres
Days on Market92
Property Features for 30 Cumberland Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 3, Bedroom 4, Basement, Bedroom 7, Bathroom 2
Parking
6
Patio and Porch features
Porch
Interior features
Plumbing (Mixed)
Exterior features
Porch
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Pending
Size
3,189 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4957
Utilities
Heating system
Natural Gas
Building Details
Year built
1900
Number of units
3
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Listing Agency:
Lighthouse Real Estate Group
(401) 789-6700
Listed By:
Eric Kopf
(401) 862-8337
Added: Jun 2
Changed: Aug 20
Last Checked: Sep 1 at 2:06PM
MLS# 1414191
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,189-square-foot triplex contains three comparable residences, each arranged with three bedrooms, a living room, dining room, and hardwood flooring. The building also includes three bathrooms, laminate flooring in some areas, a basement, and porch space. Construction dates to 1900, with vinyl siding, natural-gas heating, a gas water heater, and mixed plumbing. The property is offered in as-is condition and requires additional work.
The property occupies 0.12 acres at 30 Cumberland Street in Cumberland, Rhode Island. Its three-unit configuration and consistent interior layouts provide a clearly defined multifamily format, while the existing bedroom, common-area, and porch features remain in place for future ownership or renovation plans.
The property occupies 0.12 acres at 30 Cumberland Street in Cumberland, Rhode Island. Its three-unit configuration and consistent interior layouts provide a clearly defined multifamily format, while the existing bedroom, common-area, and porch features remain in place for future ownership or renovation plans.
Key Highlights
- Triplex with 3,189 square feet on a 0.12‑acre lot
- Three matching units, each with 3 bedrooms
- Each residence includes a living room and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,820
$842.8K
Cap Rate 7%
$602,014
$602.0K
Cap Rate 9%
$468,233
$468.2K
Market Conditions
NOI Build-Up for 3,189 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.5K $25.56/SF
− Vacancy
−$4.9K −$1.53/SF
EGI
$76.6K $24.03/SF
− OpEx
−$34.5K −$10.81/SF
NOI
$42.1K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,820
Cap Rate 7%
$602,014
Cap Rate 9%
$468,233
Alternative Uses
Best Use
Multifamily LT 5
$758.5K
$663.7K – $885.0K
NOI $53,098 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$602.0K
$526.8K – $702.4K
NOI $42,141 @ 7.0% cap · market cap 7.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three matching residences offer three bedrooms, hardwood flooring, dining rooms, living rooms, and individual porch access.
Where is this triplex located?
The property is located at 30 Cumberland Street Cumberland, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Triplex with 3,189 square feet on a 0.12‑acre lot; Three matching units, each with 3 bedrooms; Each residence includes a living room and dining room
